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1209 Towanda Ave 1209 Towanda Ave 54,429 SF 100% Leased Retail Building Bloomington, IL 61701 $2,600,000 ($47.77/SF)
INVESTMENT HIGHLIGHTS
- 54,429 SF Former Post Office, Barber Shop, and Dollar General
- Dollar General has a NNN leasehold through February 28, 2025 with a renewal option to follow
- Entire Property is in a Tax Increment Financing District
- 307 SF Coffee Kiosk
- Great Visibility and Ample Parking
- Zoned B-1 General Commercial District
EXECUTIVE SUMMARY
SVN Core 3 is proud to introduce the former Bloomington Post Office building that currently houses Dollar General, a Barber Shop, and a Coffee Shop Kiosk.
The post office occupied 37,700 sq. ft., which is now vacant. Dollar General occupies 15,088 sq. ft., with a lease that runs through Feb. 2025 and an extension option to follow. The Barber Shop and Coffee Kiosk are both currently on month- to-month leases. The barber shop occupies 512 sq. ft., and the coffee kiosk has 350 sq. ft.
This property houses ample parking and great visibility on Towanda Ave. The entire property is in a Tax Increment Financing (TIF) District.
The post office occupied 37,700 sq. ft., which is now vacant. Dollar General occupies 15,088 sq. ft., with a lease that runs through Feb. 2025 and an extension option to follow. The Barber Shop and Coffee Kiosk are both currently on month- to-month leases. The barber shop occupies 512 sq. ft., and the coffee kiosk has 350 sq. ft.
This property houses ample parking and great visibility on Towanda Ave. The entire property is in a Tax Increment Financing (TIF) District.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
54,429 SF
Building Class
B
Year Built
1961
Price
$2,600,000
Price Per SF
$47.77
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
250 Spaces
Frontage
500’ on Towanda Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-34-480-032 | Improvements Assessment | $415,422 |
| Land Assessment | $397,911 | Total Assessment | $813,333 |
PROPERTY TAXES
Parcel Number
14-34-480-032
Land Assessment
$397,911
Improvements Assessment
$415,422
Total Assessment
$813,333
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1209 Towanda Ave | 1209 Towanda Ave
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